FedNow: A Monetary Trojan Horse?

In the ever-evolving landscape of finance, digital currencies and technologies have emerged as a double-edged sword. Central Bank Digital Currencies (CBDCs) have become a hot topic, igniting concerns among skeptics who question the true intentions behind their implementation. One such development raising eyebrows is the Federal Reserve's FedNow program, an instant payment service touted as a modernization of the United States payment infrastructure. Yet, some can't help but wonder if FedNow is merely a wolf in sheep's clothing, paving the way for the eventual adoption of CBDCs and the risks they pose to individual freedom and financial privacy. This article takes a hard look at the FedNow program and critically examines its potential role as a stepping stone towards a dystopian world of centralized digital currencies.